Chances and risks in construction management and economics : a systemic approach to dealing with models and uncertainties / Christian Hofstadler, Markus Kummer.
2021
HD9715.A2
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Details
Title
Chances and risks in construction management and economics : a systemic approach to dealing with models and uncertainties / Christian Hofstadler, Markus Kummer.
ISBN
9783030640149 (electronic bk.)
3030640140 (electronic bk.)
9783030640132 (print)
3030640140 (electronic bk.)
9783030640132 (print)
Published
Cham, Switzerland : Springer, 2021.
Language
English
Description
1 online resource (xxxii, 696 pages) : illustrations (some color).
Other Standard Identifiers
10.1007/978-3-030-64014-9 doi
Call Number
HD9715.A2
Dewey Decimal Classification
624.068/1
Summary
The book outlines the processes of calculating and critically reviewing construction costs and times for clients and contractors in different project phases. Any project or structural analysis should yield accurate information on times, costs, and prices. The related database is more or less uncertain depending on project complexity and the circumstances of work performance. It is thus recommended to use ranges of key input parameters. This approach consistently considers uncertainties within a holistic project view, thus enhancing the plausibility and validity of specific values. Only the integration of probabilistic methods will allow for calculating and graphically representing the chance/risk ratio as a crucial project variable ultimately influencing the entire business.This book examines the systemic modeling and consideration of uncertainties when determining construction costs and times, and life-cycle costs. It contains detailed descriptions of other decision-making processes, including project preparation and planning (developer calculation, soil survey, cost estimate), work preparation (costing, pricing, construction time evaluation, resource identification, comparison of construction methods, bid analysis, contract award), and project execution (site logistics, construction method selection, construction process planning, work coordination, sourcing, determination of additional costs, trend analyses), as well as for project portfolio management as a tool relevant to all phases.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed June 29, 2021).
Added Author
Kummer, Markus, author.
Series
Springer tracts in civil engineering, 2366-259X
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Table of Contents
Chapter 1: Introduction
Chapter 2: Basics
Chapter 3: Data, Information, Knowledge, and BIM
Chapter 4: Management of Chances and Risks
Chapter 5: Applying the Management of Chances and Risks to Project Phases
Chapter 6: The Fundamentals of Monte Carlo Simulations
Chapter 7: Application of Monte Carlo Simulations
Chapter 8: Influence of Project Lead Time and Construction Time on Project Targets
Chapter 9: Worked Examples - Client
Chapter 10: Worked Examples - Contractor.
Chapter 2: Basics
Chapter 3: Data, Information, Knowledge, and BIM
Chapter 4: Management of Chances and Risks
Chapter 5: Applying the Management of Chances and Risks to Project Phases
Chapter 6: The Fundamentals of Monte Carlo Simulations
Chapter 7: Application of Monte Carlo Simulations
Chapter 8: Influence of Project Lead Time and Construction Time on Project Targets
Chapter 9: Worked Examples - Client
Chapter 10: Worked Examples - Contractor.